|Go to market news section|
From: F&C UK High Income Trust plc
Date: 2 February 2017
Dividend and Capital Repayment
The Board of F&C UK High Income Trust plc announces a fourth quarter dividend of 1.21 pence per share on the A shares of the Company. This dividend will be paid on 5 May 2017 to A shareholders on the register on 7 April 2017. A fourth quarter capital repayment of 1.21 pence per share will be paid on the B shares of the Company on 5 May 2017 to B shareholders on the register on 7 April 2017. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an A share.
This represents an increase of 2.5 per cent over the fourth quarter dividend / capital repayment paid in the prior year. For the financial year to 31 March 2017, total dividends / capital repayments have increased by 2.6% to 4.72 pence per share (Financial year to 31 March 2016: 4.60 pence per share).
Based on these distributions, the dividend yield on an A share was 4.8 per cent based on the A share price of 98 pence as at 1 February 2017, and the distribution yield on a B share was 4.8 per cent based on the B share price of 98 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.5 per cent at the same date. For those shareholders that hold units (each comprising three A shares and one B share) the distribution yield on this unit holding was 4.8 per cent based on a unit price of 392.5 pence as at 1 February 2017.
Rodger McNair, Fund Manager
F&C Investment Business Limited
Tel: 0207 628 8000
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
|©London Stock Exchange plc. All rights reserved|